US Generic Drug Spending Declines In A New Development – IQVIA Report

Generic drug spending declined in the US by $5.5bn in 2017 after growing in 2013-2016, pointing to the challenging generic drug dynamics in the US. Volume share data on marketed biosimilars shows impact of insurer control.

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US generic drug spending declined by $5.5bn in 2017 driven by pricing pressure, according to a new US drug spending report released by the IQVIA Institute for Human Data Science April 19.

"Generic growth had been a positive driver of growth from 2013-2015 as the combination of fewer expiries and price increases lifted spending," the IQVIA report says. "Growth slowed in 2016...

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